1. Trump pauses many tariffs for 90 days, excluding automotive tariffs. 2. Criticism arises from Michigan business and auto groups regarding auto import tariffs.
The continuation of high automotive tariffs can negatively impact automakers in the S&P 500, reminiscent of previous tariff decisions that affected auto stocks like Ford and GM in 2018.
Tariffs can lead to uncertainties in trade, affecting market stability and investor sentiment which directly influences S&P 500.
Tariffs typically have immediate effects on consumer goods prices and corporate profits, which may quickly influence S&P 500 company valuations.